Getting Back to Work - Salary, Insurance, Retirement

July 22, 2008

Getting Back to Work - Salary, Insurance, Retirement

My wife and I have been traveling for the past few weekends, so I am very sorry that I have not been around to post more information regarding your educators retirement. I guess it is time to get back to work...

Since I am getting back in the swing of this blog, I know that all of the educators are too. My wife has been busy gathering some materials together for some leadership lesson plans. As she says, it is much easier to get it done now on her time frame than trying to get it done once school starts and she is swamped!

Before you get back to work, check the following items:

Salary - Are you getting paid on the right schedule? Check the schedule from the HR department with your experience and degrees.
Insurance - Make sure you have the right insurance set up - single or family? PPO, HMO, etc.? High option or standard?
Retirement - Where are you in number of years? How many years left? Are you vested? You should be able to see where you are with your pension. Also, do you have a 403(b)? Should you increase your contributions? Are you in the right investments?

Get these things done now before the school year starts, and your first few weeks will be so much easier.

Good luck and keep the e-mails coming!

No comments:

Post a Comment

Why Did I Start This Blog?

Simply put - To help educators in Georgia and around the country. Educating educators on their retirement has become increasingly more important to me through the years as I have watched numerous educators make unwise decisions. I feel that they unfortunately are not always given a proper education concerning their retirement and the options available with both pros and cons.

With those thoughts in mind, I created this FREE site that I designed specifically for educators after more and more educators contacted me to ask for advice. It just seemed logical that instead of answering the same questions over and over via e-mail, I could post here to answer the questions.

The blog and the posts are just my opinions. Everyone is different with different goals, risk tolerances, and situations, so what I might suggest to one person may not be the same for another person. It is always best to research, research, and seek professional advice with your own financial advisor.

As for me, I am NOT a salesman for any product for educators or their retirement. I am NOT employed by a broker. I am an independent advisor that must adhere to the policy of doing what is in the best interest of my clients. I do not receive compensation from ANYONE other than my clients. There is a stated fee schedule, and those are the total of any fees paid. In this forum, I am a completely unbiased observer that listens to the issues that affect educators and just wants to help.

My family's background has always been in education. It started with my grandparents who were lifelong educators in Texas, then I was married to a Georgia educator whose family had an even longer history of educators, and finally my brother who is just starting his career as an educator. It is because of these important individuals in my life that I felt the need to learn more about educator retirements and Georgia retirements in particular. Since 1998, I have dealt with various issues in regards to retirement options for educators. It is due to these issues that I have researched, advised, and become knowledgeable of the solutions and problems associated with educators.

rschultz@rollinsfinancial.com

The Educator's Retirement

July 22, 2008